risks .” When attacked , the consequences can be severe for the bank , its customers and stakeholders ; common targets include “ the disruption of critical processes outsourced to vendors , breaches of sensitive customer or employee data , and coordinated denial-of-service ( DDoS ) attacks .” No investment is without risk ; in fact , it is the ‘ untested ’ nature of some FinTechs which makes them such an exciting prospect . However , VCs must always be cautious and thoroughly consider the appropriate technical , regulatory and market considerations before funding commences . Doing so not only protects the firm and saves money from being lost but ultimately ensures that consumers are receiving optimal financial services experiences . VCs can be pivotal in shaping the trends of the FinTech landscape as it gradually adjusts to a post-COVID-19 world . Adequate VC risk management will help ensure that , whatever techenhanced vision of financial services emerges , it is a profitable venture for everyone .
73 fintechmagazine . com